Contango ORE stock plummets as costs rise at Manh Choh mine
The cost rise relates to an overall reduction in the amount of ore being transported annually by approximately 20%.
Most people are familiar with the Gartner Hype Cycle. It is a great framework for looking at the development of important technological innovations:
It sure feels like we’ve been through the technology trigger phase, the inflated expectations phase, and are now well into the trough of disillusionment phase.
What’s more interesting is the question of what will lead us onto the slope of enlightenment? I am thinking that we will start to see native applications of Bitcoin. These would be things that simply could not exist without this technology. Donating money to charity with Bitcoin is awesome, and I do it regularly, but it is not a native application of Bitcoin.
I plan to write more about these native applications because I think they are the key to getting to the next phase in the Bitcoin adoption cycle.
4 Comments
Guest
Bitcoin is “Netscape”. It will be “acquired” by the “Microsoft” of digital currencies.
Guest
Oh, and no most people are not familiar with the Gartner Hype Cycle.
Matt
Bitcoin is a wonderful pyramid scheme and some people will make money, by selling it for real goods or cash. Delusional is as delusional does.
LAMB
An imaginary CURRENCY that has NO SUBSTANCE. And an IMAGINARY comment on same, like “native applications” – GET REAL Fred Wilson!!!!!!!!!!!